Related Party Transactions (Tables)

12 Months Ended

Dec. 29, 2024

The following tables present amounts of related party transactions and balances owed from and to related parties:


	December 29, 2024		December 31, 2023
	(in millions)
Receivables from related parties (1)	$	106	$	35

Payables to and other current liabilities with related parties (2)	7		31

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(1)Includes receivables from WH Group and its subsidiaries of $51 million and $34 million as of December 29, 2024 and December 31, 2023, respectively, as well as receivables from Murphy Family Farms of $45 million as of December 29, 2024. These balances are recorded in accounts receivable, net and prepaid expenses and other current assets on the consolidated balance sheets.

(2)Includes amounts due to UGFH of $16 million as of December 31, 2023, which includes $8 million related to income taxes. These amounts are included in accrued expenses and other current liabilities on the consolidated balance sheet. The remaining balances are included in accounts payable.


	Fiscal Year
	2024		2023		2022
	(in millions)
Sales to related parties (1)	$	447	$	501	$	492
Payments to related parties (2)	664		540		732

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(1)Sales to related parties includes $388 million, $487 million and $471 million in sales to subsidiaries of WH Group, and $59 million, $4 million and $20 million in sales to certain equity method investees in fiscal years 2024, 2023 and 2022, respectively.

(2)Payments to related parties includes $494 million, $350 million and $520 million in payments to UGFH in fiscal years 2024, 2023 and 2022, respectively, which primarily consist of dividends. Payments also include $154 million, $183 million and $209 million to certain equity method investees in fiscal years 2024, 2023 and 2022, respectively, primarily for raw materials used in our hog production operations and cold storage fees.